Industrial Production in Singapore increased 3.90 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Singapore Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Singapore Industrial Production Index Growth

• Singapore Industrial production rose 13.0 % YoY in Jan 2025, following an increase of 4.8 % YoY in the previous month.
• Singapore Industrial production index growth rate YoY data is updated monthly, available from Jan 1984 to Jan 2025, with an average rate of 6.7 %.
• The data reached an all-time high of 57.3 % in May 2010 and a record low of -32.5 % in Mar 2009.

In 2023, the pharmaceuticals and biological products in Singapore had an industrial production index of 104.79. The pharmaceutical and biological industry in the country has advanced owing to the active support from the government. An emerging market Singapore is home to international pharmaceutical companies, such as Pfizer, Novartis, GlaxoSmithKline, and Sanofi, which brought with them state-of-the-art manufacturing plants and world-class production capabilities. The government’s Biomedical Sciences (BMS) initiative played a major role in the advancement of drug discovery, development, and clinical research in the country. Launched in the year 2000, the initiative was inducted to complement the fields of electronics, chemicals, and engineering. Since its conception, it has assisted the rapid expansion of Singapore’s manufacturing output value of pharmaceutical and biological products. Singapore’s Biopolis Spread over 200 hectares of land, Biopolis was a vision of Nobel Laureate Professor Sydney Brenner as a center of medical innovation and development. It completed the first stage of construction and was inaugurated in 2005. In the following years, the government made various investments such as one in research and development on biomedical sciences to progress clinical research and attract business investments. This resulted in the increasing number of employees in pharmaceutical manufacturing and other related sectors in the country.

Industrial production, annual percent change in Singapore, April, 2025 The most recent value is 5.89 percent as of April 2025, a decline compared to the previous value of 6.78 percent. Historically, the average for Singapore from January 1984 to April 2025 is 6.56 percent. The minimum of -32.25 percent was recorded in March 2009, while the maximum of 58.64 percent was reached in May 2010. | TheGlobalEconomy.com

Singapore Industrial Production Index: sa: 99=100 data was reported at 108.600 1999=100 in Dec 2003. This records a decrease from the previous number of 116.900 1999=100 for Nov 2003. Singapore Industrial Production Index: sa: 99=100 data is updated monthly, averaging 83.750 1999=100 from Jan 1989 (Median) to Dec 2003, with 180 observations. The data reached an all-time high of 129.700 1999=100 in Oct 2003 and a record low of 46.800 1999=100 in Feb 1989. Singapore Industrial Production Index: sa: 99=100 data remains active status in CEIC and is reported by Singapore Economic Development Board. The data is categorized under Global Database’s Singapore – Table SG.B008: Industrial Production Index: 1999=100.

Singapore Industrial Production Index (IPI): Quarterly data was reported at 98.581 2011=100 in Dec 2015. This records a decrease from the previous number of 98.589 2011=100 for Sep 2015. Singapore Industrial Production Index (IPI): Quarterly data is updated quarterly, averaging 45.055 2011=100 from Mar 1983 (Median) to Dec 2015, with 132 observations. The data reached an all-time high of 106.846 2011=100 in Dec 2013 and a record low of 12.747 2011=100 in Jun 1983. Singapore Industrial Production Index (IPI): Quarterly data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.B003: Industrial Production Index: 2011=100. Rebased from 2011=100 to 2015=100. Replacement series ID: 374488307

Singapore IPI: Biomedical Manufacturing Cluster (BMC) data was reported at 103.175 2019=100 in Mar 2025. This records an increase from the previous number of 92.482 2019=100 for Feb 2025. Singapore IPI: Biomedical Manufacturing Cluster (BMC) data is updated monthly, averaging 36.193 2019=100 from Jan 1992 (Median) to Mar 2025, with 399 observations. The data reached an all-time high of 208.982 2019=100 in Sep 2020 and a record low of 2.436 2019=100 in Jun 1994. Singapore IPI: Biomedical Manufacturing Cluster (BMC) data remains active status in CEIC and is reported by Singapore Economic Development Board. The data is categorized under Global Database’s Singapore – Table SG.B001: Industrial Production Index: 2019=100.

Singapore Industrial Production Index: 2011=100: Other Electronic Modules or Components data was reported at 255.095 2011=100 in Dec 2015. This records an increase from the previous number of 211.974 2011=100 for Nov 2015. Singapore Industrial Production Index: 2011=100: Other Electronic Modules or Components data is updated monthly, averaging 130.495 2011=100 from Jan 2003 (Median) to Dec 2015, with 156 observations. The data reached an all-time high of 255.095 2011=100 in Dec 2015 and a record low of 69.012 2011=100 in Jan 2009. Singapore Industrial Production Index: 2011=100: Other Electronic Modules or Components data remains active status in CEIC and is reported by Singapore Economic Development Board. The data is categorized under Global Database’s Singapore – Table SG.B003: Industrial Production Index: 2011=100.

Singapore - industrial property price index, all industrial property and warehouses

In 2023, the food, beverage and tobacco industry had an industrial production index of 98.72, indicating a decrease compared to the previous year. The base year was fixed to 2019.

Singapore Industrial Process Automation Market to grow from USD 385.1Mn in 2023 to USD 681.0Mn by 2030, at a CAGR of 7.9%

The total manufacturing output in Singapore in 2023 was valued at around ****** billion Singapore dollars. This was a decrease compared to the previous year, indicating a recovery from the economic shocks of the COVID-19 pandemic. In 2022, the manufacturing sector in Singapore expanded by *** percent. Importance of the manufacturing sector to the Singapore economy Since its independence, the Singapore government has relied on manufacturing to develop its economy. From producing low-cost, labor-intensive goods, the manufacturing sector in Singapore has since then transitioned to high-value products and advanced manufacturing. While it is no longer the largest sector for employment in Singapore, the manufacturing industry is still the largest sector contributing to the Singapore economy. Key segments of the Singapore manufacturing sector The key segments of Singapore’s manufacturing sector are electronics and precision engineering, chemicals and refineries, and biomedical manufacturing. An essential product in Singapore’s electronics manufacturing sector is semiconductors. Some of the leading global pure-play foundries, such as GlobalFoundries and Taiwan’s United Microelectronics Corp (UMC), have established semiconductor manufacturing fabs in the city-state. Apart from semiconductors, the electronics manufacturing sector also produces storage and memory products and microelectromechanical systems (MEMs).

In 2023, the output from electronics manufacturing amounted to around 167 billion Singapore dollars. Electronics engineering had the largest manufacturing output in Singapore, followed by chemicals manufacturing.

Singapore manufacturing output for 2023 was 88.50 billion US dollars, a 9.99% decline from 2022.

<ul style='margin-top:20px;'>

<li>Singapore manufacturing output for 2022 was <strong>98.32 billion US dollars</strong>, a <strong>11.65% increase</strong> from 2021.</li>
<li>Singapore manufacturing output for 2021 was <strong>88.06 billion US dollars</strong>, a <strong>28.37% increase</strong> from 2020.</li>
<li>Singapore manufacturing output for 2020 was <strong>68.59 billion US dollars</strong>, a <strong>6.01% decline</strong> from 2019.</li>
</ul>Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

Singapore Industrial Production Index: 2011=100: Computer Peripherals data was reported at 84.046 2011=100 in Dec 2015. This records an increase from the previous number of 65.697 2011=100 for Nov 2015. Singapore Industrial Production Index: 2011=100: Computer Peripherals data is updated monthly, averaging 109.932 2011=100 from Jan 2003 (Median) to Dec 2015, with 156 observations. The data reached an all-time high of 203.746 2011=100 in Sep 2009 and a record low of 56.827 2011=100 in Jul 2015. Singapore Industrial Production Index: 2011=100: Computer Peripherals data remains active status in CEIC and is reported by Singapore Economic Development Board. The data is categorized under Global Database’s Singapore – Table SG.B003: Industrial Production Index: 2011=100.

Industrial design applications, nonresident, by count in Singapore was reported at 3911 in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Industrial design applications, nonresident, by count - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In the fourth quarter of 2024, the rental index for industrial property in Singapore was at 110.1. This was the highest value since the third quarter of 2018.

In 2024, the Singaporean industrial stearic acid market decreased by -13.1% to $32M, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a noticeable descent. As a result, consumption reached the peak level of $56M. From 2022 to 2024, the growth of the market remained at a lower figure.

Forecast: Industrial Machinery Value Added in Singapore 2023 - 2027 Discover more data with ReportLinker!

In the third quarter of 2023, the occupancy rate for industrial property in Singapore was at 88.9 percent, indicating a decrease compared to the previous year. Despite the ongoing COVID-19 pandemic, the fourth quarter of 2021 saw the highest rate since the third quarter of 2018.